The Financial Markets Authority (FMA) has expanded its executive team, appointing Paul Gregory to the newly created role of director of investment management. He is expected to start in his new role in early November.

In a statement, the FMA said Gregory will re-join the regulator from PIE Funds, where he is currently chief operating officer. He served as the FMA’s director of external communications and investor capability from 2015 to 2017 and the manager of the portfolio intelligence function at the New Zealand Super Fund.

The director of investment management will lead the FMA’s strategic focus on and regulation of the retail investment management sector, including KiwiSaver.

“This new position reflects this sector’s importance to the FMA,” said Rob Everett, FMA chief executive. “Paul has been living and breathing retail funds management in his prior role and I am delighted to take advantage of his passion for getting the best investor outcomes from fund managers and KiwiSaver providers.”